Home > NEWS > El Salvador's Bitcoin Boom: How the World's First Crypto Nation's Big Bet Is Stabilizing Its Economy, Proving Critics Wrong, and Paying Back Its Debt

El Salvador's Bitcoin Boom: How the World's First Crypto Nation's Big Bet Is Stabilizing Its Economy, Proving Critics Wrong, and Paying Back Its Debt

When El Salvador President Nayib Bukele made the controversial decision to make Bitcoin legal tender in his country, many people were skeptical and concerned about the potential risks. Bukele announced on Twitter that the country would purchase one Bitcoi

When El Salvador President Nayib Bukele made the controversial decision to make Bitcoin legal tender in his country, many people were skeptical and concerned about the potential risks. Bukele announced on Twitter that the country would purchase one Bitcoin (CRYPTO: BTC) each day starting Nov. 18, 2022. How is that going in 2023? The latest news out of El Salvador suggests that the government's bet on cryptocurrency is paying off. According to Treasury Minister Alejandro Zelaya, the government ha

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